Limited Liability Partnership Registration

LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a Partnership. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP. Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct.

Documents Required

Only Scanned copies of the following documents are needed to Register a Company. All these documents can be mailed to us after placing an order

Scanned copy of the following documents has to be provided by the promoters of the company
  • PAN card copy with Self attestation.
  • Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.
  • Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.
  • Latest passport size photo in jpeg.
  • For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.
  • Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.
  • Copy of No objection certificate from the owner of the property.
  • If owned property, copy of Sale Deed and Electricity bill is sufficient.
  • In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.
  • Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

DESIGNATED PARTNERS

‘Designated Partner’ means a partner who is designated as such in the incorporation documents or who become a designated partner by and in accordance with the Limited Liability Partnership Agreement. Every limited liability partnership shall have at least two designated partners who are individuals and at least one of them shall be a resident in India.

CONTRIBUTION

In case of LLP, there is no concept of any share capital but every partner is required to contribute towards the LLP in some manner. The said contribution can be tangible, movable or immovable or intangible property or other benefit to the limited liability partnership, including money, promissory notes, and other agreements to contribute cash or property, and contracts for services performed or to be performed.

PARTNER

At least 2 persons (natural or artificial) are required to form a LLP. In case any Body Corporate is a partner, than he will be required to nominate any person (natural) as its nominee for the purpose of the LLP.

Following can become a partner in the LLP:

  Company incorporated in and outside India.   LLP incorporated in & outside India.   Individual resident in & outside India.

REGISTERED OFFICE

The Registered office of the LLP is the place where all correspondence related with the LLP would take place, though the LLP can also prescribe any other for the same. A registered office is required for maintaining the statutory records and books of Account of LLP. At the time of incorporation, it is necessary to submit proof of ownership or right to use the office as its registered office with the Registrar of LLP.
Renowned Form Of Business

Though the concept of Limited Liability Partnership has been recently introduced in India but it is very known concept in other countries of the world especially in service sector. In a normal partnership firm, there is always a threat of being liable to the act of your partner, but in case of LLP, there is no such threat.

Body Corporate

Just like a Company, LLP is also body corporate, which means it has its own existence as compared to partnership. LLP and its Partners are distinct entity in the eyes of law. LLP will know by its own name and not the name of its partners.

Limited liability

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ADVANTAGES OF LIMITED LIABILITY PARTNERSHIP

For registering a Public Limited Company, kindly go through the following steps

ADVANTAGES OF LIMITED LIABILITY PARTNERSHIP

How long does it take?

Apply for DSC & DIN
1-2 working days

Name approval
1-2 working days

We prepare & submit Documents
2 working days

Certificate of Incorporation
1-2 working days

Renowned Form Of Business

Though the concept of Limited Liability Partnership has been recently introduced in India but it is very known concept in other countries of the world especially in service sector. In a normal partnership firm, there is always a threat of being liable to the act of your partner, but in case of LLP, there is no such threat.

Raising Money

Financing a small business like sole proprietorship or partnership can be difficult at times. A LLP being a regulated entity like company can attract finance from PE Investors, financial institutions etc.

Body Corporate

Just like a Company, LLP is also body corporate, which means it has its own existence as compared to partnership. LLP and its Partners are distinct entity in the eyes of law. LLP will know by its own name and not the name of its partners.

FREQUENTLY ASKED QUESTIONS

HOW CAN APPLY FOR RESERVING A LLP NAME?
CAN A MINOR BE APPOINTED AS A PARTNER IN A LLP?
WHAT IS THE TIME FRAME FOR REGISTERING MY LLP?
WHEN TO USE A LLP?
WHAT DOES LIMITED LIABILITY MEAN?
WHO CAN FORM A LIMITED LIABILITY PARTNERSHIP?
WHAT IS THE VALIDITY OF THE REGISTRATION CERTIFICATE ?
CAN PARTNERSHIP FIRM CONVERT ITSELF INTO A LLP?

STARTING A BUSINESS


Many founders are confused about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship. Each of these has very specific advantages and disadvantages. There is no one type for all businesses. A private limited company registration, for example, would be a good fit for any venture that will look for funding at a later stage. You can contact dobizindia for all the advice you need. We assure you of great service at a reasonable price.

INTELLECTUAL PROPERTY


In modern business, there is no other asset as valuable as intellectual property, and yet so many startups end up neglecting it. But this is surely not advisable, as trademarks, copyrights and patents ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At dobizindia, we are well equipped to handle all your IP requirements. We perform trademark registrations in just three days, can file a copyright registration for all your software, pictures, audio and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.